Global Duct Optical Cable Market Overview:
Duct optical cable is defined as the fiber optic cables, which must be rigid and it should also be flexible adequate in order to installed into duct systems. Advantages of duct optical cables are provided in long continuous lengths, permanent cable lubrication allows cable removal and replacement for future upgrades, multiple manufacturing locations with cable inventories for fast delivery, among others. Increasing usage of duct optical cable in various application such as IT and telecommunications, energy and utility, transportation, industrial manufacturing, among others are some of the major factors which affect the growth of the market in future.
As per latest study released by AMA Research, the Global Duct Optical Cable market is expected to see growth rate of 7.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Demand for Indoor Optical Cable and Hybrid Fiber Optical Cable
Market Growth Drivers:
Increasing Demand for Frequently Alterable Wiring Systems, Increasing Demand for Highly Secure and Safe Wiring Systems in Industrial and Commercial Applications and Growing Telecommunication Industry in the Middle East & Africa
Challenges:
Issue related to Lack of Awareness of Duct Optical Cable
Restraints:
The problem regarding the High Costs of Raw Materials
Opportunities:
Rising Demand for Highly Flexible Designs in Telecommunications, which Provide an Opportunity for the Market Growth and Mounting Demand from Emerging Economics such as China, Brazil, India, among others
Competitive Landscape:
The competitive landscape of the duct optical cable market is complex and constantly evolving. Understanding the key players, their strategies, and the dynamics at play is crucial for companies to navigate this competitive environment and achieve success.
Some of the key players profiled in the report are General Cable (United States), CommScope Inc. (United States), AFL Global (United States), Furukawa Electric Co., Ltd. (United States), Corning (United States) and Optical Cable Corporation (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Duct Optical Cable market by 2030. Considering Market by Material, the sub-segment i.e. Glass fiber will boost the Duct Optical Cable market.
Latest Market Insights:
In October 2023, Corning, a leading US fiber optic cable manufacturer, announced a partnership with Hanwha Group, a South Korean conglomerate, to establish a joint venture for optical cable production in South Korea. This move aims to capitalize on the growing demand for high-speed internet infrastructure in the region
In September 2023, Fujitsu, a Japanese technology giant, introduced its new 12-core G7H-C optical fiber. This fiber boasts lower loss and higher bend resistance compared to traditional fibers, making it ideal for high-bandwidth applications like 5G and next-generation networks.
What Can be Explored with the Duct Optical Cable Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Duct Optical Cable Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Duct Optical Cable
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Duct Optical Cable market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Duct Optical Cable market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Duct Optical Cable Companies, Commercial Research and Development Institutions, Raw Material Suppliers and Distributors, Retailers, Supermarkets, and Hypermarkets, Traders, Exporters, and Importers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.